Global powerhouse Rakuten Group, with its vast ecosystem encompassing e-commerce, fintech, digital content, and communications, is harnessing the potential of artificial intelligence (AI) to revolutionize customer service, shopping experiences, and business consulting. By partnering with OpenAI, Rakuten is unlocking the immense value hidden within its vast data reserves, spanning transactional records, customer behavior, and internal documents.
Data-Driven Innovation with AI
Rakuten’s dedication to customer-centricity is deeply intertwined with its recognition of data as a critical asset. Yusuke Kaji, General Manager of AI for Business at Rakuten Group, Inc., emphasizes the significance of AI models in amplifying the impact of this data, stating, “We believe AI models, such as those developed by OpenAI, are the way to amplify the impact we can make on top of the data.”
Through this strategic partnership with OpenAI, Rakuten has swiftly adopted cutting-edge technologies like GPT-3.5, even building an internal chatbot for its employees before the launch of ChatGPT Enterprise. The company’s vision is to become an “AI empowerment company,” utilizing Code Interpreter and RAG (retrieval-augmented generation) to extract meaningful insights from complex unstructured data.
Elevating Customer Service and Shopping Experiences
AI-powered solutions are already making a tangible difference for Rakuten’s customers. Previously cumbersome customer service inquiries, which could take days to resolve, are now being addressed automatically using OpenAI’s API with RAG on Rakuten’s internal knowledge base. This has led to significant improvements in response times and overall efficiency.
Furthermore, Rakuten is developing a new feature that intelligently summarizes product reviews, extracting key topics to help customers make informed decisions quickly and easily. This is especially beneficial for products with a large number of reviews, where manually sifting through information can be overwhelming.
Empowering Businesses with Data-Driven Insights
Rakuten’s B2B clients are also reaping the rewards of AI-driven advancements. Consultants are now equipped with a wealth of data-driven insights, including market analyses and sales trends, allowing them to provide tailored recommendations and solutions to merchants and enterprises.
Prioritizing Privacy and Security
Rakuten’s commitment to innovation goes hand-in-hand with an unwavering focus on privacy and security. Recognizing the sensitive nature of customer data, Rakuten has implemented stringent measures to protect user and client information. “In everything we do, we are making sure we have the guardrails in place to the highest standard to protect our users and clients,” assures Kaji.
A Vision for the Future
Looking ahead, Rakuten sees immense potential in AI’s transformative power. The company is eager to explore the possibilities of real-time voice and vision capabilities, enabling automated meeting summaries, multilingual translations, and more. Moreover, integrating conversational AI experiences further into their ecosystem promises to enhance customer engagement and collect valuable feedback.
In conclusion, Rakuten’s strategic adoption of AI, driven by its partnership with OpenAI, is poised to revolutionize various aspects of its business. By leveraging AI’s capabilities to analyze vast datasets, Rakuten is enhancing customer service, improving shopping experiences, empowering businesses, and ultimately driving innovation while maintaining the highest standards of privacy and security. As a global leader, Rakuten is setting a new benchmark for how companies can harness AI’s power to create a better future for all.